Caterpillar: Continued Upgrades Will Drive A Re-Rating; Buy

narawon/E+ via Getty Images Investment Thesis Caterpillar Inc. (NYSE:CAT) has beat consensus EPS forecasts in 15 of the last 16 quarters. We detail below the fundamental and macro drivers for why we expect that trend to continue, and why, we believe, it will drive a re-rating in the shares. We see a potential upside of as much as ~45%. We recommend a Buy on CAT stock. What does Caterpillar do? Founded in 1925, Caterpillar sells bulldozers, excavators, etc. to the construction and infrastructure markets, sel ...